Banknote Billet Paraguay 10 guaranies 1963

Remarks:

Plis et salissures

The 10 Guaranies banknote from Paraguay issued in 1963 is a testament to the monetary history of Paraguay in the 20th century. It belongs to a series of banknotes put into circulation by the Banco Central del Paraguay, the institution responsible for issuing the national currency since its establishment in 1952.

This banknote bears the effigy of General Eugenio A. Garay, a Paraguayan military and national figure. Eugenio Alejandrino Garay was an officer of the Paraguayan army who distinguished himself notably during the Chaco War (1932-1935), a conflict that pitted Paraguay against Bolivia for control of the Chaco Boreal region. His portrait on this banknote reflects the desire of Paraguayan authorities to commemorate national heroes through their currency.

The guaraní, Paraguay's monetary unit, was introduced in 1943 as a replacement for the Paraguayan peso, with a conversion rate of 100 pesos to 1 guaraní. The face value of 10 guaranies represented a common denomination in monetary circulation at the time.

From an aesthetic standpoint, Paraguayan banknotes of this period are generally characterised by fine engravings and national symbolic elements, combining portraits of historical figures with motifs evocative of the country's identity. The printing techniques of this era are typical of mid-20th century banknote production, with security details adapted to the standards of the time.

Today, this banknote is a representative collectible of Paraguayan numismatics from the 1960s, a period marked by a degree of political instability in Paraguay under the presidency of General Alfredo Stroessner, who had been in power since 1954. The series to which this banknote belongs reflects the official iconographic choices of this period in the country's history.